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20121027
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a week away. melissa: hurricane sandy pounding the east coast. we have rubber great and jeff flock covering this. >> we have emergency officials from the fire department telling people to leave. it is in evacuation zone after all. obviously, it is closed today. sandbags outside. lots of tourist there incidentally taking pictures. getting a little more than they bargained for with their trip to new york. there are a few shops open. down here in battery park, you cannot even find a starbucks or mcdonald's that is open much less one of the local dailies. they are all closed up. it will be a large impact. i heard from the president of bliss at the spot, i am sure you know it well, melissa, it is really unfortunate that they had to close. this things always seem to happen at the end of the month. what would they rather do than go to the spa, but unfortunately, he could not get his workers in. so many of these places are closing down, including the restaurant we are standing in the backyard of, really. we did have water coming almost all the way up earlier at high tide around 9:00 a.m. t
tomorrow. ashley: the dow is in the red but damage from sandy isn't done yet. the focus turns to recovery, so does its ballooning price tag. the latest, $1 billion damage estimates and keeps going up. melissa: president obama said it for the floor before the election. chris christie be just the ticket to boost president obama in the polls, we will ask lou dobbs. ashley: let's get to nicole petallides on the floor of the nyse. she is back in action. nicole: we are back in action. the boards of the nyse open and most folks made it here in some form. a smooth opening, some down arrows across the board for the most part but after two days of no trading we are back in action. most of the dow components have down arrows and focus duncan neiderauer, the ceo of the stock exchange, i asked him if they could open monday or tuesday and fear is what he had to say. >> we certainly could have operated electronically. what the industry told us sunday was please don't open electronically because we have to put a lot of our people in harm's way so let's not do that. i wish the industry and we came to deci
here. dagen: thank you, charles. we are covering hurricane sandy from all angles. including the financial angle. no stock market trading greatly exchanges holding a conference call just in the last hour. we have charlie gasparino in the studio with us. breaking news off of that call as the effort is going on to get the exchange up and running. connell: sandy shattering records. devon .5 million people without power on the east coast. it blocked roadways and flooded cars, in-home it will be a huge undertaking to get people's lives and businesses back to normal. dagen: both of the campaign candidates focusing on canceling events. one week to go until the election day. connell: we have an update coming up shortly from governor andrew coumo of new york. the national hurricane center releasing the latest update on hurricane sandy. dagen: we are with our chief forecaster from weather.com. the storm is working its way in. reporter: is weakening pretty quickly. but it is really following apart fast. the next 24 to 36 hours, the major weather event from this is falling snow. now we h
mixed and virtually flat. today a nice rally underway by lots of aftermath and recovery after sandy. taking a look at these charts for you. seeing up arrows, the dow up 120 points, the s&p up nearly 1%, the tech heavy nasdaq up one and a quarter percent. you can look over a period of a month, the month of october we actually snapped a four month winning streak. october was a losing month on wall street butt kicking off november we're starting with up arrows across the board with names like home depot. everybody getting supplies to clean up after the hurricane, is a leader. lori: investors are loving the bullish economic data. better-than-expected jobs growth within u.s. companies adding more than 158,000 jobs last month. initial jobless claims dropped 363,000 last week better than expected. in the manufacturing sector we learned activity expanded at a faster pace than projected showing the industry is stabilizing..3 consumer confidence rose for the second month to a high not seen since february 2008. keep in mind report done before the hurricane. can we expect the stock market rally
on the latest on superstorm sandy. charlie: people are dead across seven states, more than seven million without power. three public transportation and homes are flooded. we will talk to governor of pennsylvania tom corbett about the impact on his state and recovery efforts. ashley: stock market closed for a second day because of the storm. first-time weather has caused that to happen since 1880. the new york stock exchange and nasdaq announcing they will be open tomorrow for regular trading operations. more on that coming up. melissa: one week until election day how will the northeast impact boating? neil cavuto will join us later in the hour. breaking news. hurricane sandy. you want to tell us where we are going? let's go to robert gray who is standing by in new york with more on this. robert: thanks very much. fluid situation out here, but we grab colonel paul owen with the u.s. army corps of engineers. thanks for joining us on fox business. talked to was a little bit about the situation. you are surveying lower manhattan and had a look around more of the city before we grab you here. how is
away. good morning, everybody. we continue to track hurricane sandy. 90-mile per hour sustained winds. the storm still a category one, but it is so much more. connell: job astarte is all over it. it is so much more. you have been on it from the beginning. >> one of the things i have been advocating over the years is the power rating. if you do not find the real high winds and one small area, like we see in some of the storms like charlie, remember charlie, it will spread out, it will be a larger area of very strong wind and you will get the same net result as it hits land. what we have been saying at whether bell is when it took the turn to the northwest, we have been on this for the last five or six days i actually believe it is a bit stronger than what the hurricane center is saying. south of montauk, there have been wind gusts of 130 miles per hour. that would be close to what that barometric pressure is. that is now down as low as we have ever seen it. this is an extremely serious situation. all of the new jersey shore will be devastated. we will have record high tides in new york
of -- nicole petallides. nicole: so far, so good. day two of trading after hurricane sandy hits the eastern seaboard. names like home depot and lowe's have been doing well on the heels of everybody rushing to get things to clean up after the hurricane hit. also, there was separation as well. the immediate impact of sandy is quite significant, trucking volumes and that will take time for a to get back to normal. the more people over the last year or so. hell shire posted solid topline during the latest quarter. connell: it was an absolute commuting nightmare. take a look at the gas lines. this is similar in many areas. miles long. people waiting for hours following hurricane sandy to fill up their car. let's bring in tom kloza. >> this is all about the power. once the power comes back, people will get their fuel. connell: it is not as if in a normal situation we would have any supply issues. you definitely have a lot of demand for gasoline. power is a big-time issue. does it have any impact on market dynamics and pricing? >> i think a lot of demand is being destroyed. i think what you will s
average. all the preparation that went into preparing a for hurricane sandy and we have home depot and lowe's sending hundreds of trucks, items people need after the hurricane. trash bags, everything from chainsaws, everything for cleanup. tons of sales for that particular item, cleaning up the eastern seaboard. connell: a lot of challenges. good to see the market up and running. the chief economist's i age as global in sight joins us. lot of people talking over the last day or two about the economic impact of what we have all been through in the northeast. what do you think it will be? >> this is a unique storm. many of them are unique but this is particularly unique because of the impact it had on new york city and the fact that it has disrupted business and will continue to disrupt it for some time given the subway system downtown essentials paralyzed and will be for some days. you have a combination of business disruption and the fact that some of the refineries have been affected on the east coast so you have the gasoline effect and price is up on gasoline and destruction and
to you. dagen: thank you. connell: hurricane sandy sweeping through staten island. dagen: adam shapiro is standing by with the very latest on the recovery efforts. >> you see this car right here, just one of many that got tossed around by the floodwaters. i want to show you some of the houses. they have inspected 650 structures like this one. you can see this one still has a restricted use sticker. it eventually can be used again. i want you to come back with me, if you can. you will see these two guys over here. this is national red. they are walking neighborhood to neighborhood shouting the gas off. did you come down to this house right here, this sums up what is happening to a lot of people. it says unsafe area: do not enter or occupied. this house will have to be torn down. two of the victims of this tragedy, two elderly people died. i can report to you right now, the new york city sanitation has set dump trucks and tractors that are at the end of this street picking up debris. the floodwater actually destroyed property inside the homes. take a look at this pile of garbage. refrig
's listen. >> an update on the city's recovery from sandy as of this moment. i went to some of the areas in south brooklyn hit hardest by the storm. i did talk to some homeowners, went inside some of their houses and some had been severely damaged by sandy. the homeowners are still without power. some of them are still pumping water out of their basements, and they're confronting what they have lost and what to do next. the bottom line is the most important thing is to deal with those we have fatalities, help those families through the unimaginably tragic occurrence in their lives, something that they will not recover from, and then understand that the people who lost their houses or don't know where they will get food or water have some confidence that we are going to be there for them, that we are doing what we can as fast as we can consistent with making sure that we have no further loss of life, so for example in turning on power, if there's a chance turning on power is going to start a fire, we will err on the side of caution. if there is an issue the safety of one of our first resp
Search Results 0 to 9 of about 10